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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 25 - Some amounts you can deduct    View history reference

Operative provisions  

SECTION 25-20  Lease document expenses  

 View history reference ITAA 36

25-20(1)  

You can deduct expenditure you incur for preparing, registering or stamping:


(a) a lease of property; or


(b) an assignment or surrender of a lease of property;

if you have used or will use the property solely for the *purpose of producing assessable income.

Property used partly for that purpose

25-20(2)  

If you have used, or will use, the leased property only partly for that purpose, you can deduct the expenditure to the extent that you have used, or will use, the leased property for that purpose.


 



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